October 7, 2015 - Bombardier Aerospace the
Canadian aircraft manufacturer has confirmed the
company held talks with Airbus in regards to
selling a stake in its family of narrow-body,
twin-engine, medium-range jet airliners know as
it CSeries aircraft which is currently under
development.

The CSeries aircraft models consist of the
CS100, that will offer 110-seats and the CS300
that will seat 135-seats. These two models would
complete with the Boeing 737 and the Airbus
A320.

Bombardier indicated the CSeries aircraft will
begin to hit the market in 2016, which is three
years after the company had originally had sated
and it is expected to be over budget to the tune
of £1.2bn.

Bombardier had anticipated the company would
have sold 300 aircraft in preorders however, the
company has been only able to sell 243. As a
result, the cash strapped Bombardier had hoped
it could convince Airbus to buy into a share of
the CSeries aircraft.

Airbus has indicated the company is not
interested. It has been reported that Bombardier
is in talks with Quebec state pension fund with the hope of an
investment into the CSeries aircraft program.

Bombardier has recently laid off over 800
employees and has made some management changes,
there is also speculation that Bombardier may
put its entire commercial aircraft division up
for sale. Bombardier is a manufacturer of both
planes and trains.

In a statement Bombardier stated "Following the
Airbus Group’s statement indicating that the
Group held talks with Bombardier regarding
certain business opportunities, Bombardier
confirms that such discussions occurred and are
no longer being pursued. As previously
mentioned, Bombardier will continue to explore
initiatives such as a potential participation in
industry consolidation. The Corporation will
neither comment nor speculate on the potential
outcomes of its commercial discussions."